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world employing tens of thousands of less educated workers. a wonderful recipe for short-run productivity, a wonderful recipe for paying worker $5 a day. it was factories like this that made detroit quite possibly the most productive place on the planet in the '50s, but these were not a recipe for long-run urban regeneration because they don't need the city, they don't give to the city. they're a world unto themselves. when conditions change, and they always change, you just move the factories to places where it's cheaper. you have nothing left. and so as transportation costs declined, we moved these factories to lower cost locale, we moved them to the suburbs, we moved them to the right-to-work states and across the country. now, detroit still has not recovered from deindustrialization. in part, detroit had the worst of all possible worlds, it had a single large industry, a few dominant firms. those firms crowded out all local entrepreneurship, and the city has had a significant degree of problems ever since. they have 25% -- they've lost 25% of their population between
't do anything useful just like a newborn is limited in skill, without an education or supporting the paradigm for a i, artificial intelligence, to educate them. >> host: can you elaborate on what the neocortex is as opposed to the brain? >> guest: the old brain and the new brain. the new brain is the neocortex. only mammals have the neocortex. these early mammals emerged over 1 hundred million years ago, the neocortex is the size of a postage stamp and is basically the outer layer, neocortex means new rind, of the brain and capable of thinking in a hierarchical fashion. >> host: that is the part of the brain you are focusing on. >> caller: -- >> guest: it has complexity 2. twenty-nine and change quickly they were able to adapt. that was not so much an advantage because the environment did not change quickly. it is the normal process of biological evolution, changing behavior over thousands of generations. it is good enough for non medallion species until the cretaceous extinction event sixty-five million years ago. we see geological evidence of it everywhere in the world, somethi
of scholarship and education, disseminate ears of scientific discovery, and champions of literature. however one defines knowledge economy today it could not have emerged, is not worth sustaining without the production and distribution of books, journals and other professional content. it goes without saying that wherever there is publishing there's copyright. senator keating called copyright the jugular of the book publishing industry. when maria said that earlier this year, i thought i have got to use that, a tribute that to her. and i certainly would not do otherwise. but it seems to me to sum up very much what i have heard since i walked into this position three years ago. there are a lot of publishers who care a lot more about making books than they do about making money. but given the structure of the industry there has to be return. one of the big six did say to me i gamble with other people's money. that is particularly true of the trade sector, the consumer sector where every book is different and you don't know what is going to work and what is not but it also applies to some extent to
's education. people say that federal loans have card caps of $5,000-$7,000 per year. you can only borrow a total of $33,000 for undergrad. but that is not looking at the parent portion of the picture. the parent portion allows you to borrow as much as you need, to fill the unmet need, to pay your child's way to get to a particular school. there is a credit check that is very modest and there is not a check on income. but as costs have grown, perhaps the limits we have had on federal student loans do not meet the needs the students and families are experiencing when they are trying to pay for college. you see the growth in the program where more parents are borrowing from this program. recipients have doubled in the past decade, and they are borrowing more money as well. we thought it was emblematic of the shift in the system. >> would you say the apparent lack of paycheck is one of the most consistent missing pieces? if someone has an income of $10,000 a year, they can take out a loan for $30,000. >> if they do not have a negative credit history, and we could have a larger conversation a
better education than, -- and tanzania is similar to thailand in 1972 and soon we will see african countries doing good. >> this is wonderful. our problems are solved w know what works and we will be rich. >>guest: no, we have this problem with two billion human beings in poverty. i did most of my research in the poor part of the world. all poor people are clever otherwise they would be died. if you are poor and stupid, you die. >> they don't have rule of law? >>guest: they don't have rule of law or access to credit and they are locked in a vicious circle poverty. it takes a small investment to get them out of that. to me it shows the aptitude of people. when a young couple decide to grab if the kingdom and to have two children, they invest in the children and they take off. we have two-child families from here and onward. the world is governed from that. it is not the big corporations or banks that run the economy, it is the young couple who decide to work. >> when they are educated with wealth they . >> are helpful. this fantastic investment in vaccinations that helps so do you n
economic growth. their ideas of 20 years ago they have a better education event to antonia from 1970 to. so we can see the african john: this is wonderful. now we will all be rich. >> now at his $2 million not because they are stupid. allport people are clever or they would be dead. john: they have no love lost. >> no. or excessive credit but locked into a vicious circle of poverty. it takes a small investment to get them now.g with the young couple decides to grab the condom or the pill with two kids that means we build a decent house then they take off. the world is governed fromank the bedroom. not that the banks monday economy but the young couple, john: once they are educated they can have smaller families. >> with the fantastic investment of immunizations so they don't have one kid that is physically handicapped. the way government resources are used something slight advance research we need the government money l. john: next to a muddy you want to live until 150 the next person may have already been born. howl evades is in medicine may change everything. this is flo. i need you. i fe
education than, -- and tanzania is similar to thailand in 1972 and soon we will see african countries doing good. this is wonderful. our problems are solved w know what works and we will be rich. >>guest: no, we have this problem with two billion human beings in poverty. i did most of my research in the poor part of the world. all poor people are clever otherwise they would be died. if you are poor and stupid, you die. >> they don't have rule of law? >>guest: they don't have rule of law or access to credit and they are locked in a vicious circle poverty. it takes a small investment to get them out of that. to me it shows the aptitude of people. when a young couple decide t grab if the kingdom and to have two children, they invest in the children and they take off. we have two-child families from here and onward. the world is governed from that. it is not the big corporations or banks that run the economy, it is the young couple who decide to work. >> when they are educated with wealth they . >> are helpful. this fantastic investment in vaccinations that helps so do you not have a kid who is
with the organization. >> what are you going to be doing with them? >>i will go with them on educational program. i've been on one before and they do wonderful work and i'm delighted they asked me to be a part of it. >> are you staying here in washington? >> no, of course not. i'm going home to california. you can do everything, you know, remotely now. there is no reason to put yourself in one place that you don't -- that you are leaving anyway. i will back b back in california. >> what are you going miss most about congress? >> it took me a while to realize that i would miss anything. i'm a person when the timing is right, i know i'm doing the right thing, but i'm going to miss my friendships. i'm going miss the excitement. this is an exciting place. i'm used to a lot of activity in my life. if i'm smart at all, i'm going to learn how to sit down, take things in, and not always be on the move. >> who are some of your best friends here in congress? >> without blinking my best friend is barbara lee and maxine waters. others like betty mccolumn, when we go to dinner everyone gets nervous that somethi
to work. when they are educated with wealth they . >> are helpful. this fantastic invtment in vaccinations that helps so do you not have a d who is physically handicapped for life, thatrags the family down. the way that government sources are used is crucial. there are some things like advancement and research and primary school we need the government money but it has to be controlled. >> thank you, sir. next, you want to live to be 150? my next guest says the frst rson to do so my have already been born. itmight be you. do you want to live to be 150? i don't. how advances in medicine may change everything. the boys useasasasasas capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. buwith the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. >> most of human history people died by age 30. 30 year s the ave
. it is largely the education department, and the veterans affairs department. the identity will either be -- we have multiple generations. i love the things we are doing with the startup company. let me make this a little bit bigger. up until a few months ago, they decided they did not want to publish how many forms there were. there were over 6000 forms and the federal government. there were over 4000 data sets. how do you go from 6000 data collection forms to 400,000 datacenter is? -- datacenters? incidentally, over the last few years, there have been five forms. my portion of the world, in the grand arena, you have three pavement agencies. 3/4 of the federal grants, and the system that goes along with a vat is payment management. -- with that is payment management. we try to work with the department to get this rectified. then, they have to agree on identity. not that they couldn't agree, but it has such a huge ripple effect because there are so many different generations. i think that is step one. >> what do you mean the identity management system? >> the first thing is the policy on identi
education and research and development, investing in clean energy and technology, investing in infrastructure and dealing with the deficits were more -- in a more balanced way. it was about what our obligations are to each other. it was about big things. those are very, very big things. i will say that, for all of the critique about whether our campaign was about big things or not, the preoccupations of people who write about that -- and i used to do that for a living -- i don't try to separate myself -- many of them are my best friends -- there is an awful lot of horse race coverage of this presidential race. there is such a preoccupation with who will win and who will lose and so little real interest in what the implications are. >> we were talking about pulling. >> public polling is so voluminous now. any to kids with an abacus can do a poll of the corner grocery store and some national news are in position will cover it as if it is news. and maybe the billion tommy pulled him out today. -- the billy and tommy poll came out today. it can be done sound yet they produce res
, to educate young people. each one teach one. >>reporter: she praise a lot, she says, and every day she does something for someone else every day. >> wendy tells us they'll help many teenagers like herself go to college. for more information, you can go to students rising above.org. we'll be right back. studentsriseingabove.org ,, [ crickets chirping ] [ traffic passing ] ♪ [ music box: lullaby ] [ man on tv, indistinct ] ♪ [ lullaby continues ] [ baby coos ] [ man announcing ] millions are still exposed to the dangers... of secondhand smoke... and some of them can't do anything about it. ♪ [ continues ] [ gasping ] hand and wrist injuries. thw program working to get pati back to work and back to thr lives... that story and mor five. that's it for the cbs 5 newt noon. have a great afternoon. ======== >>> i think we're out of time. santa's going to get a little wet. >> i think he'll be okay. just a few clouds. he's used to that. that will be easy. >> we're going to get a little wet. merry christmas, everybody. >> hope: (sighs) >> liam: uh, hope, that was... >> hope: (chuckles) >> liam:
are admitted may face expulsion due to their faith. the fwa high institute for higher education -- the baha'i institute for higher education established after they were barred from attending other universities were declared illegal this year and six educators from that institute are currently imprisoned in iran. these are just a fraction of the injustices, mr. speaker, that the baha'is face at the hands of the iranian regime. the regime has sought to make life for the baha'i people simply unlivable. they seek to take things from everyday life. this resolution draws attention to their plight. it calls on the iranian regime toened its campaign of -- to end its campaign and it condemns them for the persecution of the baha'is and calls on the regime to immediately release the baha'is that it wrongfully holds in captivity, including the seven baha'i leaders and the six baha'i educators and it calls for the president and the secretary to make publicly -- to publicly express the same sentiments. finally, the resolution urges the president and the secretary of state to use measures already enacted
as did finding myself in this arena in having this incredible awakening and education. since i left the duke ellington school, i have often gone back to give master classes and work with young singers. my agency would often scheduled concert with master classes. again known in the industry has teaching younger -- i get known in the industry as teaching younger students. we have a number of to the -- we have a number of tickets we give away or offer at a discounted price. i remember when i was a student and saw my first opera. it was because the kennedy center and extended a certain amount of tickets for students to come. i realized there is a tremendous responsibility. it is also a pleasure to want to share this gorgeous art form with people and young people in particular. i know the impact and difference it made in my life have been known at 13 this is what i wanted to do. it gave me a direction and purpose. i never suffered under pressure of my desire to keep up with the latest. when i would go to a voice lesson or concert, there was no synthetic that could provide me with that ki
? that's ahead. >>> plus, forget about a college education. why the oil fields of america are now attracting the young. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> gold prices closing right now. let's get to bertha coombs. >> gold closing fractionally higher, on track for its twelfth yearly gain, smallest since 2008 because it's been a very tough quarter for gold. despite the fact we've had all these worries, whether it be the fiscal cliff, the election, the situation in europe. nonetheless, gold has just not been the safe haven. this morning, it was industrial metals that got a boost as we saw rallies in asia on hopes that maybe this new regime in china is going to be spending more
a foundation that helps troops returning home ret pay for education costs. >> the focus really is on the the men and women, the veterans and the spouses that we provide it's scholarships for and it's about futures men and their futures much more what so than about what happened in the past. marie's >> reporter: but marie's journey also also contains a second love story. she's now remarried to joe shenten, a chicago businessman.ssman. tell me about joe. >> tell >> he is probably the best he i surprise in my life so far. i didn't think that -- i wasn't n't looking to be in another relationship.nk i didn't think that i would ever w find someone like him. and and he is able to embrace all of these things my past my life my l pat and to love all of them and th to love me just for who i am. it's and it's been this great gift t that he's given me. >> reporter: i walked in here i today and joe is wearing a pat and tilman hat. a he still plays a large role in >> your new lives. >> he does. >> >> reporter: and everyone's c comfortable with that? that. >> yeah it's
jennings when i was director of education at james madison's month peelier in virginia. i was familiar with jennings' memoir considered by the white house historical association to be the first memoir of life in the white house. it was titled "a colored man's rem innocences of james madison," and as the title implies, it's really more about the so-called great man than it was about the author himself. my interest was in paul jennings. i set out to discover elements of his own biography to uncover the circumstances behind the original publication of the memoir in 1865 and to find an interview living direct descendents. a slave in the white house, paul jennings and the madisons is the story of paul jennings' unique journey from slavery to freedom. it played out in the highest circles of ideas and power. the white house, james madison's study. it's the story of paul jennings' complicated relationship with the father of the constitution, james madison. jennings was the constant servant in james madison's study, and as madison would discuss political subjects of the day, and during his reti
the supreme court decision in the brown v. board of education decision 1954. strom thurmond is a recordholder to this day of the longest one man filibuster. and again his work pashtun and the guinness book of world records, 24 hours and 18 minutes he spoke against the 1957 civil rights bill. we remember strom thurmond today as one of the last of the jim crow demagogues. and he was. he was that. he was one of the last jim crow demagogue. what we forget about thurmond is that he was also one of the first of the sun belt conservatives. what do i mean by that? what's a sun belt conservative? the sun belt, it's one of the big stories, one of the major stories in the history of 20th century american politics. and that is the flow of jobs, of industry, of resources and population from the states of the northeast and the midwest to the south and the southwest in the post-world war ii period. the southern states were recruiting industries. they were passing right-to-work laws. they were receiving lots of funding from the federal government to build military installations at a time when the united stat
part-time or summer hire. we never did get into the education thing at all. we are focused on doing a job. my point on education is that there is something revolutionary that needs to happen. if you look now in the internet age and realize the rate at which a student downloads information -- the people who are really smart are bored. i think within maybe 20-25 years, you won't see a classroom typically like we do, where you see everybody goes to a classroom. it is for that reason, it is not a good thing to teach people who are going to be innovators later on. next question. >> thank you very much for your talk. what skills, academic, etc., do you need at early ages to facilitate creativity and innovation? how can parents and schools shape these attributes for kids? >> in answering that, i am going to focus on word that you said. you said cultivate. the point i have tried to make is that if things are going around in the world outside of the kid's community, outside of his local interface and outside of his school, if he sees wonderful progress happen, that is so different -- that is
or ourselves, then we're going to be held accountable. we have a program that's focused on education. it's on discipline. and when people don't meet the standard of the nfl, we're going to take action. there are consequences for that. >> what do you worry about the most? >> i worry about player health and safety. that's the number one challenge and focus. we want to keep our athletes safe and also athletes not just football or in the nfl, but every level. and efvery other sport. >> television coverage makes it attractive to watch at home rather than the stadium. is it a problem for the owners? >> it's a challenge for us. watching it in high-definition super slow-mo is a great experience. that's gotting to change. our challenge is how do we make sure that that same kind of experience happens in the stadium, so we're bringing technology into the stadium. we're working harder to making sure that the fans feel safe. they have to have a great experience. >> you wrote a famous letter which i have talked to you about before. written to your father. and you said two thing, i
a second wind and this was in the education of general david petraeus by paula broadwell. any comments on those books? >> it is funny refer to that book as a poorly amid this title about a second wind because after general david petraeus administration, that is exactly why her book got the second wind and why the paperback publication was pushed up. what it has done a little bit though is take away from the larger aspect of these books. when scandal rears its head, one focus is too much on that instead of the substance of the book. one thing worth pointing out especially in relation to the mark cohen and mark cohen was a pseudonym for one of the navy seals who was involved in the mission to kill osama bin laden, the book's publisher which is penguin press, they announced with only weeks to spare, i felt they did a very brilliant job of marketing that book. it didn't help or perhaps didn't hurt depending on who you ask that mark owens's real name was dutifully revealed by the media which than cost its own fire storm and the like but the upshot is many of these books with commensurate mi
to continue her education, to graduate on time and to be able to write and continue to write like she has been doing. >> reporter: as for courtney, she says she is using this experience to become a better writer. >> you have to have gone through things in your life to be able to express yourself in creative ways. i think this incident inspires me to speak my mind even more. >> reporter: she has even written a new poem titled judgment. >>> up next on "today," is he the next psy? why a man who is speaking about fish is making a huge flash online right after this. at way to get your family together for breakfast. in fact, they might work too well. [ ding! ] [ shuffling, scooting ] [ clears throat ] [ children laugh ] [ female announcer ] golden, crispy outside. warm and fluffy inside. we are one good-looking family. [ children laugh ] [ female announcer ] eggo waffles. simply delicious. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. an
see hope for peace in the world? >> [inaudible] or education or journalism because they're a bunch of dolts. i do not believe that. they can be used for bad. it is not media. it is not a mediator. it connects us. maybe it is a social connector. very important to say they were not done by tools, there were done by a brave people with vision. all they have is a few new tools. >> if i were able to produce a ukulele, would you be willing to place a song? -- play us a song? >> and a microphone. >> thank you. ♪ >> i love your question and i love your answer. i want to go on record saying i have never seen more positive change than hanging out on twitter for the last few years. it is extraordinary what is happening and especially looking at young people and what they're being exposed to. and how they're connecting, you know, it is amazing. and i have never called it [inaudible] media. is someone else's job. we just use it. ♪ this is a song for you. i am not ukulele player. i am a piano player. you will understand why. ♪ side vicious played a four string bass guitar and could not sin
not only deserve but have a right to an education. >> i would get my education if it is in home, school, or any place. >> the taliban retaliated, hunting her down, shooting her in the neck, and back. the attack outraged even hardened pakistanis, and all around the world malala quickly became an international symbol of good against evil. today, she is recovering in england. number one, president barack obama. >> tonight you voted for action. not politics as usual. >> after a long, and we mean long and bitter campaign, president obama won re-election. in 2012, the president also won the supreme court stamp of approval for his health care reform program, and made history with this statement. >> i think same sex couples should be able to get married. ♪ >> as 2012 comes to a close, the president joined in grief with the community, shocked by senseless violence. >> these tragedies must end. and to end them we must change. >> brooke baldwin, cnn, atlanta. >>> well, to see the entire list or read more about the winners you chose, check out cnn.com. >>> it is a christmas ad first in britain. f
a plan to arm one educator in each school. he told a phoenix tv station it's a compromise between two extremes. >> on the one hand you have people proposing that any teacher wants to bring a gun to school. i think that would create more danger than it would solve and i'm opposed to that. you have other people who don't want to do anything as far as defense in the schools and i think we could regret that if there were another incident that might have been prevented. >> surely a big debate about that. under the plan each public school would designate one person to keep the gun in a secure, locked location. it would be a voluntary program. state law would need to be amended before that plan can move forward. >>> customers at starbucks this morning reacting to ceo howard schultz's plan telling workers in the washington, d.c., stores to write the words "come together" on coffee cups. >> "come together." a nice beatles quote there. i think it's kind of a cool idea, but i -- you know, i don't know that the politicians really care. >> i think it means that people are basically tired that cong
of that is also to educate other ceos about the importance of aviation. you talk about the tax environment. 20% of the price of your ticket is taxation. you talk about, again the regulatory environment. thees a ease of regulation in a deregulated environment. global competitiveness. you talk about the pricing of oil. this is why we're down in washington, really trying to educate and ceos elected are important in this industry. >> you have players trying to take market share. are you seeing impact of private jet companies sprouting up all over the place, trying to get folks to do private jets? >> really not yet. >> not yet. >> what i hear, is it the corporate jet is not available, i'm flying jetblue. i love that compliment. someone flying from teterboro to west palm beach, they are taking care of that corporation. >> good strategy in teterboro, i'll tell that you. >> it works for us. >> thanks so much pch wonderful to see you and merry christmas. happy holidays. you've heard concerns, tax implications, even recession fears if we go over the fiscal cliff. what happen fess we don't in steve liesm
of the atlantic ocean. six years ago in st. george's bermuda, i embarked on a 140-foot sailing ship the education associations as sz -- i would be at sea for three weeks away from telephone internet and physical libraries yet i was in the middle of the research project on benjamin franklin the required me to read material and friend so i decided to use my time at sea to read a novel in that language. the book i chose is a small paperback edition of jules byrnes of around the world in 80 days first published in the newspaper serial in 1872. when i wasn't on watch or otherwise busy on on the ship i slowly made my way to the book. by french was good enough to my surprise but i actually enjoyed the story and as a historian i appreciated its period details especially the nature of the protagonists they englishman racing around the world. and has remarked offhandedly travel services at could take a person round the globe in a period of 80 days. prove that he challenged him and he is off. that 80 day measure was only conceivable by the late 19th century and the age of sales getting sails getting around
the country, parents understandably are scared. educators are concerned about security in schools. let's go to utah where the teachers will be getting weapons training today. and arizona's attorney general plans to have trained or principal trained with a gun inside the school. basically they're not saying they want the teachers to go roaming the halls with a gun. but this is like the last standr classroom. >> clayton: the first response are how are they going to allow guns in utah. in utah, one of the few states that allows guns in public schools, the legislature there had that state's rights, that's how they've done it for years. what the school says to your point, we don't want them roaming the halls, but it's free. we're going to waive a $50 fee on training so if you want to learn how to hold a gun, concealed weapons holder, get more training. the argument from gun advocates is they're much more able to quickly respond should some mad man come into a school than police having a swat team get there five, six, seven minutes later. >> kelly: the same thing holds true for arizona. i know wh
. and they're not addressing the real problems of america, which are jobs, productivity, education, science research, and withering infrastructure. this is appalling, and the american people should watch whatever's happening with a sense of disgust. >> you feel clearly very strongly. >> yes. >> why do you think we've got to this stage? what could turn it into a more positive narrative? >> i think we are at this place because the role of muddle in politics has overwhelmed, the lobbying process has overwhelmed the sound financial planning for the american people. we have a mess in the health care spending in the out years, which is real. but the costs of providing medical care through pharmaceutical monopolies, insurance monopolies and hospitalization monopolies means american people pays more than double what the rest of the people pay in the world. we're not fixing that. >> diana, is that your assessment of what we witnessed today? >> we are not making real attempts to cut spending, which is the problem. we have $16 trillion in debt. $1 trillion deficit. and what we're talking about today i
in 2 1/2 years. and barnes & noble chairs rallying over british publishing and education company pearson says it will invest $85.9 million in nook media in exchange for a 5% equity stake. >>> well, houston's port is a big employer and a very busy one, one of the busiest in the world, but it could be stalled by a labor strike that threatens the city, as well as more than a dozen others along the eastern seaboard and gulf coast. annise parker is the mayor of houston. mayor parker, great to have you with us. >> glad to be with you. >> your port handles about 70% of the shipping container business along the gulf coast, so this could be a major blow how will it impact your city, exactly? >> of our nine terminals, two are container terminals, and it will shut those down. 70 to 150 workers will be not showing up to work, will shut down access to those terminals now. we will continue to do business through our other terminals, but it could have a really severe and immediate impact on not just what happens at the port, but this is about cargo moving to other places. so it's everything up
. >> that is educational. >> zarf, quickly. >> it's this. >>> all right. jonathan is an 11-year-old drummer, enjoys exploring the p p percussive sounds of household appliances. check this out. okay. so he's 10 years old when he posted the video in september. he's taken drum lessons but says he's basically self-taught. he thinks the washing machine is easier to play than his own drum kit. sounds like a college marching band. he's really good. >> you want to demo? who's really good at percussion? you play the guitar. >> i've done enough in this segment to embarrass myself. i think we should do phil collins "in the air tonight" drum solo. >> while they do that, i'm going to tell you that up next we've got five ways to actually keep your new year's resolution in 2013 right after this. this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, an
can look at what your health insurance premiums are doing, your education bills but y favorite site is something called shadow stats, they track cpi and it varies between 8, 10, 12 percent depending on which versions you use. because every administration seems to adjust those figures to proactively reflect and keep them down. and the government has every incentive to do that because cost of living increases are tied to that, military spending is tied to that, a lot of things are tied to cost of livings increases that are in fact tied to inflation. david: let's face it, the federal reserve has become a branch of the u.s. government essentially. it's supposed to be a private institution. it's been essentially printing money to bail out all of the free spending politicians. that means less money in our pocket. >> well, that's right. you know, this illusion that government spending is in fact going to make up for the private spending gap is just that, it's an illusion. it hasn't worked that way throughout history on anything other than a short-term basis. it may stave off the pain now,
a serious recession in these markets, these sectors. but i do believe in education. i believe we should invest in our education systems. smoker -- smaller class is. -- now one high a capacity schools because they produce morons. you mentioned something that i agree with. -- disagree with. the reason why american consumers consume more than europeans is not a cause of some kind of punishment -- fundamental cultural difference. what you have -- first, america was the only country that had been effectively untouched by the war. so you had more consumption for durables. i am not sure that americans enjoy them. then, after that, what you have is a massive reduction in the real wage, the real median wage. i do not know if you know that. today we do not have a real median wage that is anywhere near where it was in 1976. what has been the effect between 1970's and 2008 is that living standards were being pushed into the ground, hours were being expanded to make ends meet. output enormous strains -- that put enormous strength and families. my friends in sociology say that this is correlated with
rates. they have health care and education paid for. great life satisfaction in those places and strong economies. what's the argument if we increase the tax rates on the richest americans, we're somehow going to have economic catastrophe. >> ali, as you know when people pay taxes, they not only pay it at the individual level, but capital gains and other taxes, first you earn money and then you invest it in companies and if you take a look at corporate income tax and all of the companies you threw up, the united states has the highest -- >> the united states doesn't have the highest effective corporate tax rate. they have the highest marginal tax rates and most companies as you know, including general electric, the biggest, don't pay any taxes. right? >> the marginal tax rate is the tax rate that matters on the actual dollar earned. when we look at canada, about 17%, the european average 25%, our average is 35, ten points above the european average, stupider than france is not where we want to be when it comes to how we tax economic activity. add to that, obama not only wants to take th
work with others around the country who have a lot more education than me and we work with cornell food physiologist who's helping quantify the nutrient density of our vegetables. we start with the ground up. a lot more complex, a lot more vitamins in the ground. we take care of the plants like they're children. we nurture them we study them as they're growing and it's anazing the results. >> and a lot of work. >> a lot of work. >> briefly who would you have this fabulous dinner with? >> my wife. my wife. >> you should have her here. >> i don't see her enough during that holiday season. >> you can toast her. happy new year's to your wife to micoh. happy new year's and thanks so much. for david bouley and the dish head to our website cbsnews.com/cbsthismorning. >> don't go away. we'll be right back. you're watching "cbs this morning saturday." "this is george. he is a good little monkey and always very curious. one day george got an important letter. he's built a rocket ship to travel into space." google, how far is earth to the moon? the moon is 238,900 miles... "
's education. that group peaked in 2000 in terms of americans, fell since then, turns in 2013, starts to grow and it will be bigger than the baby boom is over the next decade. >> the good times are coming, tobias? >> we think so. >> the baby boomers taking their money out. >> consumer finance, happy you brought that up, almost like you logged it in for me. survey financials shows people post-65 take their equities down. the good news is the baby boom average age is 55. so we've got ten years to worry about that. >> we do our work. >> tobias, good to see you. happy holidays. >> happy holidays to you. your little hockey player? >> the day before christmas, of course, still no fiscal cliff resolution. the $500 billion in spending cuts and tax increases start on january 1st unless the white house and congress reach some sort of agreement. we're joined by former pennsylvania governor ed rendell, co-chair of the campaign to fix the debt. and a cnbc contributor. governor, happy holidays. good morning to you. >> good morning, guys. >> so we're sitting here wondering what can be done in the next seven
. eliminate. eliminate the jurching food. you can't have junk food in the house to teach them . educate the kids and tell them why it is important to eat well . teach them about good eating and what is good about the veg tannels and be smarter and have more energy. >> i find myself doing it with the milk. you are talking about the calcium and the teeth . i participate and thrameeps parents also -- respiratory >> it is not involved and not eating fruits and vegetables. >> and exercise is so important. you say to add to the daily routine. you talk about tech gifts . you got to get outside and run around. >> tike bite-sized pieces of the you can't expect a parent to go home and exercise with my child for an hour. you take five or 10 minutes and walk the dog and getting outside in the cold weather is a beautiful thing. people tend to stay inside. get outside and walk the dog and play with the ball or inside, do sit am've ups and push ups with the children. it is not unreasonable. it is mommy me time and daddy time with the kids. >> i saw a couple of jumping jacks . improve their emotional h
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